by Boo_Randy
With the MSM’s code of silence when it comes to reporting on the Fed’s fiat currency swindles, I doubt if even one in ten Muricans has made the connection between the soaring cost of living, and Money Printer Go BRRRRRRRR. We need to get the word out.
Consumer expectations for inflation rose this month for the first time since March, in a troubling sign that Americans are losing faith in the Federal Reserve’s ability to control soaring prices.
The University of Michigan’s preliminary survey on Friday showed one-year inflation expectations rose to 5.1 percent this month, up from 4.7 percent in September.
The survey’s five-year inflation outlook increased to 2.9 percent from 2.7 percent last month.
Inflation expectations are significant because they impact wage negotiations, and higher expectations can fuel higher prices in a self-fulfilling prophecy known as a ‘wage-price spiral.’
Fed policymakers carefully monitor the UMich poll for signs that expectations are becoming unanchored, a shift that makes inflation much more costly and difficult to bring down.